The independence of corporate directors is evolving as one of the key considerations in evaluating the strength of shareholder suits alleging breach of fiduciary duty, state Supreme Court Justice Randy J. Holland said Tuesday in the Ruby R. Vale lecture at Widener University Delaware Law School.
Independence is defined as the absence of any influence that would compromise the ability of the director to do their own thinking, Holland said. Developing that definition has been central to the work of the business courts recently.
